First one under our belt

[Lee Underhill]

We just bought our first duplex paid 140 cash numbers really are in our favor on this one very excited to keep the ball rolling . Question is in your opinions please tell us the best way to get our 140k back out to buy another property . Also curious in your opinions should we do a heloc on our primary residence to get more capital to fund deals as well ? Owe 86k house is worth roughly 375k. Any help would be appreciated. We couldn’t have done our first deal without this amazing site and great people ! Thank you all

[Jennifer Petrillo]

Run the numbers on both and do what makes more sense. Get some refi estimates from a few banks (check national and local lenders), also get heloc estimate from your mortgage holder. When we bought a vacation home last year, we had three loan options to choose from, two helocs and a cash out refi. We chose the refi b/c the numbers were better for us.